According to David McClelland,people with a High Need for ____

question 90

Multiple Choice

According to David McClelland,people with a high need for ____ seek to excel and tend to avoid both low-risk and high-risk situations to improve their chances of achieving something worthwhile.

• A) achievement
• B) understanding
• C) insight
• D) awareness

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Definitions:

Differentiated Products

Goods or services that are distinguished from each other by specific features, branding, or quality, making them non-perfect substitutes in the eyes of consumers.

Competitive Market

A market structure characterized by a large number of buyers and sellers, wherein no single entity has significant power to dictate market conditions.

Free Entry

is a market condition where any business can enter the industry without facing significant barriers, promoting competition.